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Renewal of cautionary announcement and market update

14 June 2012

June 14, 2011, Johannesburg, South Africa Shareholders of Atlatsa Resources Corporation (“Atlatsa” or the “Company”) (TSXV: ATL; NYSE MKT: ATL; JSE: ATL) are referred to the announcements released on 2 February 2012 and 3 May 2012, respectively, relating to the agreement of the key terms in respect of a transaction to restructure, recapitalise and refinance Atlatsa and the Bokoni group of companies (“Bokoni group”) (the “Transaction”), by the boards of directors of Anglo American Platinum Limited, a 79% held subsidiary of Anglo American plc, and Atlatsa.

Shareholders are advised that the parties are still in the process of completing definitive transaction agreements and have commenced with their regulatory approval processes from the Department of Mineral Resources, South Africa (“DMR”) for the transfer of the affected mineral properties in accordance with the requirements of the South African Mineral and Petroleum Resources Development Act.

Once all of the necessary consents from the DMR have been obtained and definitive transaction agreements have been finalised the Company will publish the financial effects of the transaction and post its circular to shareholders seeking necessary approvals for implementation of the restructure plan.

A further announcement will be released on the Securities Exchange News Service, filed on SEDAR and EDGAR, and published in the South African press, as soon as the financial effects have been finalised, and the definitive transaction agreements have been executed.

On behalf of Anooraq

Joel Kesler
Chief Commercial Officer
Office: +27 11 779 6800
Mobile: +27 82 454 5556

Russell and Associates

Charmane Russell
Office: +27 11 880 3924
Mobile: +27 82 372 5816

Macquarie First South Capital

Annerie Britz / Yvette Labuschagne / Melanie de Nysschen
Office: +27 11 583 2000

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. The NYSE Amex has neither approved nor disapproved the contents of this press release.